senate Bill S1248

2013-2014 Legislative Session

Creates the niche market assistance projects for small businesses to identify and develop niche markets for their products in competitive environments

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Sponsored By

Archive: Last Bill Status -

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to corporations, authorities and commissions
Jan 09, 2013 referred to corporations, authorities and commissions


S1248 - Details

Law Section:
New York State Urban Development Corporation Act
Laws Affected:
Add ยง16-v, UDC Act
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1768A
2009-2010: S3477

S1248 - Summary

Creates the niche market assistance projects for small businesses to identify and develop niche markets for their products in competitive environments.

S1248 - Sponsor Memo

S1248 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K


                       2013-2014 Regular Sessions

                            I N  S E N A T E


                             January 9, 2013

Introduced  by Sens. PERKINS, ESPAILLAT -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Corporations,
  Authorities and Commissions

AN ACT to amend the New York state urban development corporation act, in
  relation to creating  niche  market  assistance  projects  to  promote
  economic development


  Section 1. Statement of legislative intent. Small manufacturing enter-
prises are responsible for an estimated twenty-eight to forty percent of
employment in the manufacturing sector. They tend to be  more  effective
at  job creation and job replacement, more innovative in the development
of products and process  improvements,  more  flexible,  and  thus  more
competitive, in terms of the ability to produce small quantities. All of
these  factors  help  to  explain the shift to smaller and average sized
plants and the national trend toward more of  the  total  production  of
goods coming from small manufacturers.
  Small  manufacturing  enterprises,  often  owned by minorities and new
immigrants, have been growing. Leading this expansion in  New  York  are
specialty  and  ethnic food manufacturers, which have grown by more than
eight percent over the past year. Other evidence suggests that there  is
similar  growth in construction; specialty apparel for niche markets and
other design-based manufacturing  industries  such  as  luxury  consumer
goods  like  jewelry;  medical  instruments; suppliers to service indus-
tries; and companies serving local  markets,  such  as  makers  of  food
products or suppliers of construction materials.
  Often, small manufacturers can not only survive, but grow, if they can
identify  and develop niche markets - targeted markets composed of indi-
viduals and businesses that have similar interests and needs, which  can
be readily identified, and that can be easily targeted and reached, or a

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.


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